Pattern Recognition

“There was a moment years ago when we were trying to go all in on this concept of mode trajectory and pattern recognition. And several of the analysts at the time were questioning whether this was the right thing to do. And most of the people in the room said, …”

“I think investing is pattern recognition and everyone can draw their own, you know, Graphs out of those patterns, but you know, that's fundamentally the core thesis. Like you could be the smartest guy in the world, but if you don't see the patterns or if you d…”

“So I don't know if that's pattern recognition or an insight but I think some of the best investors, that's what they have. They have insights across industries that they bring together to make the right type of bets and lean into the right type of risk. So I t…”

“So I do think it's going to be more effective on the micro level than it's going to be on the macro level, because it's just a much simpler problem to try to parse.”

“We remember when pattern recognition led us to a good outcome, even if it was luck, and we forget about when it led to a bad outcome, even if it was bad skill. That's the other thing is we're very selective as to when we remember when it works and when we reme…”

“The key thing to underscore in all this is that we all have our little mental databases. We've all had experiences. We've all had wins and losses. We value those, right? They're important to us. And so we tend to think that they're going to apply more than the…”

“I truly don't believe in pattern recognition at scale. I think there's nuanced pattern recognition, but I view each one of those companies as an individual relationship, as an individual journey”

“The best thing about pattern recognition over time is that you recognize what won't work. It's not what will work. Now, if you recognize what won't work, it will help you avoid spending time on, on bad deals, or bad entrepreneurs, or if you're on the board of …”

“So far we've synthesized basically two varieties, a pattern recognition and a little bit of kind of generative ability. There's this logical deduction You know, symbolic reason. None of these things have we come close to synthesizing.”

“Generative ML, which is basically running the model backwards. Maybe you weren't, you've taught it what the pattern is, now it can make more of the pattern.”

“So basically what this is, is if you think very, very crude terms of machine learning is pattern recognition on a massive scale. This is take that pattern and make another one. So where image recognition is to say, does this, which pattern does this fit? Does …”

“I would tend to agree with Finn. I think I would say it can really work, and I imagine it can help lead to success in many situations, but I also think it can tend to introduce biases, and as Finn said, I think some level of laziness”

“I think pattern recognition is another name for intellectual laziness, right?”

“Trying to sort of assume you have it and have figured it out this soon I think is, is probably a mistake.”

“The second P is, is what I call pattern recognition, and that's just the notice, a notion, and it applies to investment decisions too, but it's the notion that decisions are made based on recognizing attributes that have worked for you in the past or been succ…”